New Zealand once led the world on social housing – it should again | Bryce Edwards

A return to a programme of mass state house building could fix the significant problem for those at the bottom of the marketBillions of dollars are currently being transferred to wealthy New Zealanders in the government’s attempts to stimulate the economy. The Reserve Bank has essentially committed to printing up to $128bn (US$90bn) of new money, lending much of it as cheap credit to banks, who then lend it to those who can afford to buy more and more houses, and thereby grabbing the capit